The Opportunity
The key
elements of a merchandising program are:
- Distinctive and popular images or characters
- Design and Production
- Marketing and Advertising
- Distribution and Fulfillment
- Revenue Collection
With an
independent merchandising plan, the
independent creator owns the characters and images. They decide what
products fit their plan. Design and production, distribution and fulfillment
can be outsourced to custom merchandising companies that can produce a wide
variety of goods on demand without the need for warehousing or creating bulk
orders. Marketing and advertising costs can be scaled to budget, with much of the
main outreach occurring online or offline at conventions or local shops. Revenue
collection can be funneled through a variety of sources including Amazon,
Paypal and Kickstarter. The increased exposure of the underlying property
supports the comic and vice versa. Ultimately,
a larger licensing company could see the potential in your work (based on the
sales) and provide you with a much larger platform (and potentially much more
revenue).
The
Problem
There are two main problems with launching
your own independent merchandising program; time and expertise. Many independent creators have day
jobs, families and they spend what little free time they have on their craft.
There is no extra time available to decide on the cotton weight on a T-shirt line
or whether iPhone cases need to be part of the product offering. Even if they
did have extra time on their hands, few of them would be interested in dealing with
the legal, financial and marketing duties that come with managing a merchandise
line. They want to spend their time creating the next great comic.
The
Solution
I was once the
general counsel for a Japanese animation company called Central Park Media.
After that, I was the international publishing manager for Marvel. Since then, I
have been advising private clients for publishing and new media contracts. Finally,
I have also run my own independent publishing company called Nightlife Publishing for the past six
years. I think the combination of my
skills and the current level of DIY technology creates an opportunity for
independent creators to make money from the sale of their merchandise. The main
question now is ‘does anyone want this service?’
What do you
think?
Would you be
interested in selling a line of clothing, posters and tech related merchandise
based on your comics? I am in the process of developing the business model now,
but if no one is excited about the idea, I might have to sit on the idea for a
while.
Let me know
what you think in the comments section.
Have
fun.
Gamal
Hello Gamal,
ReplyDeleteit's Francesca Urbinati from Linkedin. :D
Looking at the recent changes in the comic industry, I think that indipendent authors will have more and more room for in-house merchandise: only time and -of course- money will lack: we all know comics have very thin margins, if any.
I guess individual authors may be scared to hire a manager/consultant because it sounds very expensive.
In your shoes, I would do some per-country or per-area research (to appeal people outside US, too) about possible business models, with streights and weakness based on the kind of merchandise (clothes, collectibles, mugs, keyrings, etc). Just write everything down into an ebook, then sell it online.
Meanwhile, you can offer further and custom assistance upon request.
How does it sound? :)
I think this is a fantastic idea. I am very interested in this and think it is a great way to actually start making some extra money from my own comics and manga. I have over 6 series in production a website and many other releases through Apps and Kindle. Please email me at jordan@fallenmangastudios.com I would love to talk about this. Our site is www.fallenmangastudios.com and you can read our comics for free to get an idea of what they are here. tapastic.com/jordan
ReplyDeleteHello Ms. Francesca. It is good to hear from you again. I understand what you are saying about people being afraid of the cost. I am planning to offer a free consultation before anyone signs anything and I plan to make the fees attractive to independent creators.
ReplyDeleteIn terms of the international focus, I think you are right. When I was the International Publishing Manager at Marvel much of our growth was outside the US. The only challenge their is dealing with the different laws and regulations in each country. I had agents in each country when I was at Marvel. I won't have that luxury this time.
Does that make sense?
Nice stuff dear. I really love to read it Lizenzen & Was sind Lizenzen
ReplyDeleteI admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much. wholesale clothing suppliers
ReplyDelete